Exam Study Guide – Practice
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The head of the Illinois Department of Insurance is the - Answer✔✔-Insurance
Director
An Insurance Producer who violates a cease and desist order issued by the
head of the insurance department may have his license suspended or revoked
and be fined a maximum penalty of - Answer✔✔-$5,000
Which of the following is NOT included in the general powers of the insurance
director? - Answer✔✔-Developing and writing insurance education courses
What is the daily fine that may be assessed against a person who disobeys a
cease and desist order of the insurance director - Answer✔✔-$100
, The director will conduct examinations of companies not less frequently than
every - Answer✔✔-5 years
a licensed insurance producer, limited lines producer, or temporary insurance
producer who is convicted of a felony must report the conviction to the
insurance director within how many days of the judgments entry date -
Answer✔✔-30
What is the minimum number of prelicensing study hours required for a
producer's license in casualty insurance - Answer✔✔-20 hours
An insurance producer must complete how many hours of continuing
education in each compliance period? - Answer✔✔-24 hours
The fine for engaging in unfair trade practice after being issued a cease and
desist order is - Answer✔✔-$1,000 per violation
The Illinois producer exam consists of two parts, which must be passed within
how many days of each other - Answer✔✔-90 days
A business entity acting as an insurance producer must obtain what kind of
license? - Answer✔✔-Insurance producer license
An applicant for an insurance producer's license may be granted a temporary
insurance producer's license that normally expires after how many days? -
Answer✔✔-90 days